Answer:
The correct answer is option a.
Explanation:
Accounting profit is the difference between total revenue earned and total explicit costs incurred in the process of production. Explicit cost is the direct cost involved in the production process.
The economic profit is the difference between the total revenue earned and the total explicit as well as the implicit cost incurred. The implicit costs are the indirect cost or opportunity cost of production.
Since accounting profit does not take into account implicit costs, it is greater than economic profit.
Answer:
I would prob go with housing
Explanation:
The invention of the transistor in the 1950s allowed engineers to build smaller, faster, and more reliable computers.
Answer:
When more fertilizer is applied than plants can take up, the surplus nutrients, particularly nitrogen, can be lost to the environment. Unused nitrogen fertilizer can leach downward into groundwater, enter nearby surface waters through runoff, or be released into the atmosphere as gases.
Explanation:
